2 Bed Terraced House, Single Let, Leeds, LS10 1LH, £190,000

Clarence House, Leeds City Centre, LS10 1LH - 2 years ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£65K - £172.5K
Sold Prices/m²£813/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£102,725

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£1,050 - £2,400

Rent Estimate

£1,084

Running Costs/mo

£831

Cashflow/mo

£253

Cashflow/yr

£3,041

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £65K to £172.5K, average is £110K. £813/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£135K10/210.38 mi40, Winrose Avenue, Leeds, West Yorkshire LS10 3AL2
£134K11/210.41 mi16, The Spinney, Leeds, West Yorkshire LS9 8JZ2
£65K09/230.45 mi1, Richmond Hill Approach, Leeds, West Yorkshire LS9 8JX2
£158K05/230.52 mi55, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£135K07/230.54 mi8, Hillidge Square, Leeds, West Yorkshire LS10 1DB2
£125K08/230.54 mi7, Hillidge Square, Leeds, West Yorkshire LS10 1DB2
£172.5K09/230.54 mi2, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SX2
£172K07/230.54 mi4, Joseph Street, Leeds, West Yorkshire LS10 2AD2
£95K08/210.59 mi16, Oxley Street, Leeds, West Yorkshire LS9 8PL2
£170K03/230.6 mi33, Gardeners Court, Leeds, West Yorkshire LS10 1ED2
£162.5K07/230.6 mi10, Gardeners Court, Leeds, West Yorkshire LS10 1ED2
£115K03/240.6 mi6, Pontefract Avenue, Leeds, West Yorkshire LS9 8PF2
£76K01/230.61 mi12, Glencoe View, Leeds, West Yorkshire LS9 0BU2
£145K11/230.63 mi5, Richmond Croft, Leeds, West Yorkshire LS9 9BA2
£89K10/230.64 mi4, Clark Avenue, Leeds, West Yorkshire LS9 8QD2
£130K08/210.68 mi4, Charles Avenue, Leeds, West Yorkshire LS9 0AE2
£95K06/230.68 mi31, Charles Avenue, Leeds, West Yorkshire LS9 0AE2
£148.3K03/230.68 mi18, Charles Avenue, Leeds, West Yorkshire LS9 0AE2
£97K01/240.69 mi55, Copperfield Grove, Leeds, West Yorkshire LS9 0BQ2
£130K12/230.69 mi12, Copperfield Grove, Leeds, West Yorkshire LS9 0BQ2
£88.5K11/230.7 mi14, Temple View Place, Leeds, West Yorkshire LS9 9JG2
£122.5K12/230.7 mi9, Thornleigh Mount, Leeds, West Yorkshire LS9 8QW2
£90K11/220.74 mi23, Glensdale Mount, Leeds, West Yorkshire LS9 9JQ2
£93K07/230.74 mi35, Glensdale Mount, Leeds, West Yorkshire LS9 9JQ2
£72K11/200.74 mi26, Glensdale Road, Leeds, West Yorkshire LS9 9JF2
£75K03/230.75 mi6, Charlton Grove, Leeds, West Yorkshire LS9 9JT2
£122K01/240.76 mi29, Church Street, Hunslet, Leeds, West Yorkshire LS10 2PE2
£122K01/240.76 mi29, Church Street, Hunslet, Leeds, West Yorkshire LS10 2PE2
£82K04/210.77 mi54, Glensdale Street, Leeds, West Yorkshire LS9 9JJ2
£90.5K07/230.77 mi3, East Park Place, Leeds, West Yorkshire LS9 9JY2
£75K02/240.79 mi56, Glensdale Terrace, Leeds, West Yorkshire LS9 9JN2
£115.3K12/200.79 mi55, Glensdale Terrace, Leeds, West Yorkshire LS9 9JN2
£100K02/230.79 mi62, Glensdale Terrace, Leeds, West Yorkshire LS9 9JN2
£115K10/230.84 mi60, Northcote Drive, Leeds, West Yorkshire LS11 6NH2
£105K03/210.84 mi17, Naseby Gardens, Leeds, West Yorkshire LS9 7SX2
£100K02/210.87 mi23, Cockburn Way, Leeds, West Yorkshire LS11 5NY2
£115K01/240.87 mi17, Cockburn Way, Leeds, West Yorkshire LS11 5NY2
£89.3K03/230.9 mi21, Raincliffe Street, Leeds, West Yorkshire LS9 9LW2
£90K11/200.9 mi50, East Park View, Leeds, West Yorkshire LS9 9NP2
£94K04/210.9 mi23, Everleigh Street, Leeds, West Yorkshire LS9 9LJ2
£85K04/210.9 mi32, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£105K02/210.9 mi47, Longroyd View, Leeds, West Yorkshire LS11 5ET2
£134.5K01/230.91 mi50, Longroyd Place, Leeds, West Yorkshire LS11 5HE2
£92K11/210.91 mi46, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£110K10/230.91 mi10, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£120K05/230.92 mi8, Raincliffe Grove, Leeds, West Yorkshire LS9 9LP2
£107.8K09/210.92 mi43, Longroyd Grove, Leeds, West Yorkshire LS11 5HF2
£172K09/230.92 mi25, Londesboro Grove, Leeds, West Yorkshire LS9 9NR2
£110K02/240.93 mi44, Longroyd Grove, Leeds, West Yorkshire LS11 5HQ2
£135K10/230.93 mi27, Longroyd Terrace, Leeds, West Yorkshire LS11 5HJ2
£115K06/230.94 mi15, Primrose Lane, Leeds, West Yorkshire LS11 5EW2

Local Rents

50 rents from £1.1K/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10005/240 miClarence House, Leeds City Centre2
£1,10005/240 miClarence House Leeds Dock City Centre LS102
£1,20005/240 miClarence House, Leeds City Centre2
£1,20005/240 miThe Boulevard, Leeds, West Yorkshire, LS102
£1,25005/240.01 miClarence House, The Boulevard, Leeds, West Yorkshire, LS102
£1,45005/240.01 miCrozier House, Leeds Dock2
£1,45005/240.01 miCrozier House, Leeds Dock2
£1,40005/240.01 miCrozier House, Leeds Dock2
£1,40012/240.01 miCrozier House, Leeds Dock2
£1,15005/240.02 miMcClure House, Leeds Dock2
£1,15005/240.02 miMcClure House, Leeds Dock2
£1,30012/240.03 miCrozier House, Leeds Dock2
£1,15005/240.03 miMcClure House, Leeds Dock2
£1,10009/230.03 miMcClintock House, Leeds Dock, City Centre2
£1,05005/240.03 miMcClintock House, Leeds Dock, City Centre2
£1,35005/240.03 miSpacious Corner Apartment, Leeds Dock, The Boulevard, City Living, Leeds, West Yorkshire2
£1,35005/240.03 miThe Boulevard, Leeds, West Yorkshire, LS102
£1,29505/240.03 miMcClintock House, Leeds Dock, The Boulevard, Leeds LS102
£1,15005/240.03 miLeeds Dock - McClintock House, The Boulevard, Leeds, West Yorkshire, LS102
£1,20001/250.04 mi-2
£1,15005/240.04 miThe Boulevard, Leeds2
£1,40002/250.04 mi-2
£1,35005/240.04 miMcClintock House, The Boulevard, Leeds, West Yorkshire2
£1,35005/240.04 miMcClintock House, The Boulevard, Leeds, LS10 1LP2
£1,15005/240.05 miLa Salle Clarence Dock LS102
£1,35005/240.05 miChadwick Street, Leeds, West Yorkshire, LS102
£1,20005/240.05 miLa Salle, Leeds City Centre2
£1,15005/240.05 miLa Salle, Clarence Dock2
£1,75005/240.05 miChadwick Street, Clarence Dock, Leeds City Centre2
£1,20005/240.05 miChadwick Street, Clarence Dock, Leeds City Centre2
£1,35012/240.05 miClarence House, The Boulevard, Leeds, West Yorkshire, LS102
£1,07512/240.05 miThe Boulevard, Leeds, West Yorkshire, UK, LS102
£1,15005/240.06 miCrozier House, The Boulevard, Leeds, LS10 1LQ2
£1,15005/240.06 miLa Salle, Leeds Dock2
£1,25005/240.06 miLa Salle, Leeds Dock2
£1,20005/240.07 miLa Salle , Chadwick Street, Leeds, West Yorkshire, LS102
£1,05005/240.08 miMcClintock House, The Boulevard, Leeds, West Yorkshire, LS102
£1,15005/240.08 miChadwick Street, Hunslet, LEEDS2
£1,12505/240.08 miChadwick Street, Hunslet, LEEDS2
£1,39505/240.08 miLa Salle, Chadwick Street, Hunslet, Leeds, LS102
£1,20005/240.08 miThe Boulevard, Leeds, West Yorkshire, LS102
£2,40005/240.09 mi-2
£1,17505/240.1 miFlat 5, Cartier HouseThe BoulevardClarence DockLeeds2
£1,35005/240.14 miCartier House, Leeds Dock2
£2,00005/240.14 miMackenzie House Penthouse2
£1,51205/240.14 mi137 Mackenzie House, LS10 1PU2
£1,15005/240.14 miMackenzie House, Leeds Dock, City Centre2
£1,45105/240.14 mi137 Mackenzie House, LS10 1PU2
£1,45105/240.14 mi175 Mackenzie House, LS10 1PU2
£1,10005/240.14 miMackenzie House, Chadwick Street, Leeds, LS102

Local Area Statistics

Population in LS10

35,593

Population in Leeds

635,166

Town centre distance

1.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £190,000

September 6, 2023

Floor Plans

Description

  • Fabulous 2 bedroom apartment +
  • 2 bathrooms +
  • Light and bright living room with full length balcony off +
  • Open plan kitchen +
  • Very large Terrace with views over the City +
  • 16th Floor +

A rare opportunity to purchase a property with an abundance of outside space. 2 bedrooms 2 bathrooms, far reaching views, on site caretaker, parking nearby at an extra cost.

Service charges are higher than usual for the next year due to works being planned to improve the development as well as electricity & insurance rates being at an all-time high, the owners have reduced the price by over 20% giving a great capital growth opportunity once there is a reduction in utility and interest rates, of which these are expected to lower over the next couple of years.

Clarence House is a highly sought after waterside development in the prestigious Leeds Dock area with a wide variety of ameneties close by. Ameneties include, supermarket, restaurants, gym, yoga-studio, coffee shop, bakery and is home to the Royal Armouries.

Leeds Dock is a 15 minute walk to the city centre and benefits from a water taxi that runs every 15 minutes between Granary Wharf & Leeds Dock.

Leasehold and property information given by owner:
Lease: 150 years from 2004
Ground rent £250 (next review 2029)
Service charge £2583.71 (these are for 2023/24. The 2024/25 has reduced by 6% we are waiting for the breakdown)
Building Insurance £484.99
Water Bill included £806.30
Council Tax Band: D (Single occupany discount available).

Founded by Nigel Lenton, who heads the team bringing 42 years of experience in sales and lettings and an unrivaled reputation in the City to match, gives assurance you are in trustworthy and capable hands. At The Agency, you can count on receiving honest, reliable, and expert advice during your property journey whether you are a seasoned investor or buying your first home. Our team's extensive expertise backed up by extremely high standards of client care means every property and interaction counts ensuring a seamless experience for everyone whether buying, selling or letting with The Agency.

Agent Details

The Estate Agency Leeds, Leeds

0113 519 0549

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪